August payrolls surge beats forecasts with 162,000 jobs added
TL;DR Summary
The August jobs report shows the US added 162,000 payrolls, far above economists’ 55,000 estimate, with the unemployment rate holding at 4.1%. Gains were led by healthcare, while ADP data showed private payrolls rising less than expected, and the report will inform the Federal Reserve’s near-term rate decision amid stubborn inflation.
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